Pound Holds Steady Ahead of BoE Rate Decision
The British pound remained steady against major currencies as UK headline inflation rose to 3.1 percent in August. Investors now await the Bank of England policy announcement.
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The British pound held steady against major currencies on Wednesday as underlying United Kingdom inflation held flat at 2.6% in August, offsetting a headline CPI rise to 3.1%. The currency traded little changed at $1.3471 against the dollar and 85.66 pence against the euro. The data arrives just ahead of the Bank of England's policy decision.
